The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:

		Dec. 31, 20Y2		Dec. 31, 20Y1
Assets
Cash		$197		$63
Accounts receivable (net)		113		79
Inventories		71		43
Land		161		178
Equipment		91		69
Accumulated depreciation-equipment		(24)		(12)
	Total Assets	$609		$420
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)		$77		$63
Dividends payable		12		-
Common stock, $1 par		40		20
Paid-in capital: Excess of issue price over parcommon stock		101		49
Retained earnings		379		288
	Total liabilities and stockholders' equity	$609		$420

The following additional information is taken from the records:

1. Land was sold for $43.
2. Equipment was acquired for cash.
3. There were no disposals of equipment during the year.
4. The common stock was issued for cash.
5. There was a $131 credit to Retained Earnings for net income.
6. There was a $40 debit to Retained Earnings for cash dividends declared.

a. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.